Statistical Analysis Report

Report Start Date Report End Date

Trading Strategy: Trend Following / FX
Non-US Only - Non-US Broker Dealer

Program Description: The investment objective of Winoma Capital is to create a positive economic impact to our clients and investors by delivering absolute returns regardless of economic market conditions and their cycles. Through our algorithmic investment strategies, we generate a consistent return stream with small correlation to core asset classes like stocks bonds indices and real estate. Our strategy seeks to achieve its goal by actively trading in the most liquid G10 currencies. We develop and employ proprietary FX strategies and algorithms designed to capture optimal momentum and maximizing benefits in the foreign exchange markets

Investment Information

Program Start Date	Oct-2018
Percent Discretionary	1%
Percent Systematic	99%
Minimum Investment	100,000
Management Fee	1.0%
Incentive Fee	25.0%
Margin	50:1
Round Turns per Million	0
Currency	US Dollar
NFA No:	#0524740

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The Annual Rates of Return ("ROR") have been calculated by Adding Monthly Performance
Performance Since January 2020 See Accounting Notes

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2020	1.72%	2.15%	16.73%	1.81%	4.41%	11.99%	1.75%	2.19%	2.51%	0.27%	4.22%	1.81%
2021	1.76%	1.13%	-1.20%	3.35%	1.74%	1.25%	1.08%	0.29%	0.14%	0.66%	3.08%	3.19%
2022	1.76%	4.38%	8.32%	2.80%	2.12%	4.80%	3.72%	-14.87%	1.27%	1.53%	8.21%	0.80%
2023	2.10%	0.70%	1.09%	0.70%	1.69%	-0.55%	0.60%	0.70%	0.30%	0.95%	1.68%	1.60%
2024	1.43%	0.78%	0.68%	1.01%	0.78%	0.64%	0.55%	1.36%	0.96%	1.81%	2.44%	1.34%

	2020	2021	2022	2023	2024
ROR	51.56%	16.47%	24.84%	11.56%	13.78%

Park Avenue Asset Management | Manhattan ~ New York City
Toll Free: (877) 611-PAAM | Local: (212) 600-2883 Email: [email protected] | Web Address: http://www.parkavenueassetmgt.com
© 1997 - 2025 AutumnGold.com LLC

Program Statistics
Peak-to-Valley Drawdown (1) (Jul 2022 - Aug 2022)	-14.87%
Worst Monthly Return (Aug 2022)	-14.87%
Average Monthly Return	1.97%
Monthly Std. Deviation	3.61%
Gain Deviation (57 months gain)	2.87%
Loss Deviation (3 months loss)	8.09%
Gain to Loss Ratio	0.43

Annualized Statistics
Annualized Mean Return	26.38%
Standard Deviation	12.51%
Downside Deviation (3)	6.88%
Sharpe Ratio (4)	1.81
Gain Deviation	9.93%
Loss Deviation	28.01%
Profit Loss Ratio	8.11

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Accounting Notes: Please note that performance results are generated trading outside the US with a Non-US trading account. The largest intra-month drawdown was 45% in August 2022.

Statistical Notes
1. Peak to Valley Drawdown ("Maximum Drawdown") is the worst drawdown % loss over the period of 2020-01-31 to 2024-12-31. If the Start Date of this Report Predates the Inception of the Program (Oct 2018), the Maximum Drawdown from Inception may be larger than indicated in this report, 2. The Annualized Mean Return is calculated by annualizing the average monthly return, 3. Downside Deviation uses a 5% Minimum Acceptable ROR, 4. Sharpe Ratio uses a 1% Risk Free ROR

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. TRADING FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. THERE ARE NO GUARANTEES OF PROFIT NO MATTER WHO IS MANAGING YOUR MONEY. THERE IS AN UNLIMITED RISK OF LOSS IN SELLING OPTIONS. YOU SHOULD CAREFULLY CONSIDER WHETHER COMMODITY FUTURES AND OPTIONS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. AN INVESTOR MUST READ AND UNDERSTAND THE MANAGER'S CURRENT DISCLOSURE DOCUMENT BEFORE INVESTING.